Florida Selects ICF for Management Services Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy ICFI?
The Florida Department of Management Services has selected leading global solutions and technology provider ICF as an awardee on its expanded, three-year comprehensive management services contract. Under this recompete contract vehicle, ICF is eligible to provide management services to statewide programs across all service categories. Through this contract, ICF will support programs to strengthen operations, deliver critical public services and positively impact Florida communities. A wide range of services will be provided including disaster management, program and grants management, environmental, infrastructure and agricultural support, workforce development and technology modernization. ICF will also leverage the expertise of ICF Next, the company's integrated, full-service digital and communications agency, to help state departments connect with Florida residents, municipalities and stakeholders more effectively.
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Analyst Views on ICFI
Wall Street analysts forecast ICFI stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 68.360
Low
82.00
Averages
99.67
High
115.00
Current: 68.360
Low
82.00
Averages
99.67
High
115.00
About ICFI
ICF International, Inc. is a global consulting and technology services company. The Company provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. Its services include advisory services, program implementation services, analytics services, digital services, and engagement services. Its advisory services include research critical policy, industry, and stakeholder issues, trends, and behavior. The program implementation services identify, defines, and implements policies, plans, programs, and business tools. The analytics services conduct survey research and collect and analyze varieties and large volumes of data to understand critical issues and options for its clients and provide actionable business intelligence. Its digital services design, develop, and implement technology systems and business tools and cybersecurity solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Executive Participation: ICF's President Anne Choate and Senior VP David Pickles will participate in a virtual fireside chat on March 12 at 8:00 AM ET, showcasing the company's leadership in sustainability.
- Live Webcast: The chat will be available via live webcast, with a replay accessible for 90 days post-event, ensuring broader audience engagement and enhancing the company's influence on sustainability topics.
- Company Background: ICF is a leading global solutions and technology provider with approximately 9,000 employees, dedicated to assisting public and private sector clients in navigating complex challenges, demonstrating strong industry expertise and innovative capabilities.
- Forward-Looking Statements: ICF cautions investors about the risks associated with forward-looking statements, including reliance on U.S. federal government contracts and business integration challenges, emphasizing a cautious approach in uncertain environments.
See More
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- Quarterly Dividend Announcement: ICF International has declared a quarterly dividend of $0.14 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy, which is expected to bolster investor confidence.
- Dividend Yield: The forward yield of this dividend stands at 0.7%, which, while relatively low, still offers appeal to income-seeking investors, reflecting the company's resilience in the current market environment.
- Payment Schedule: The dividend is payable on April 14, with a record date of March 27 and an ex-dividend date also set for March 27, ensuring that shareholders receive timely returns and enhancing their willingness to hold shares.
- Future Growth Target: ICF International aims for over 10% non-federal revenue growth in 2026, particularly through expansion in the commercial energy sector, demonstrating the company's positive outlook and strategic positioning for future market opportunities.
See More
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See More
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- Revenue Growth Outlook: ICF International projects 2026 revenues between $1.89 billion and $1.96 billion, reflecting approximately 3% growth year-over-year, with non-federal clients expected to account for over 60% of total revenues, indicating strong growth potential in the non-federal market.
- Commercial Energy Performance: Revenues from commercial energy clients grew by 24% in 2025, reaching nearly $550 million in Q4, reinforcing ICF's market leadership with a 35% share in residential energy efficiency, showcasing its competitive strength in the energy sector.
- Financial Resilience: Total revenue for Q4 was $443.7 million, down 10.6% year-over-year, yet the adjusted EBITDA margin remained stable at 10.4%, demonstrating the company's resilience and profitability amid challenging conditions.
- Strong Business Pipeline: ICF's business development pipeline stands at $8.6 billion with a backlog of $3.4 billion, highlighting the company's growth potential and market opportunities, particularly in IT modernization and non-federal client sectors.
See More
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- Revenue Decline: The company generated $444 million in revenue, a 10.5% year-over-year decline, although it beat market expectations by $3.1 million, the ongoing revenue drop could pose challenges to future growth prospects.
- New Contract Wins: ICF secured $300 million in new contracts in Europe, which not only strengthens its market position but also provides new revenue growth opportunities, showcasing the company's capability in international market expansion.
- Market Sentiment: Despite revenue exceeding expectations, the earnings miss may lead to cautious market sentiment regarding ICF International's short-term performance, prompting investors to monitor future performance improvement measures.
See More
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See More
